EXHIBIT 10


    AGREEMENT made March 24, 2004 effective as of the 1st day of January, 2003
by and between TRANS-LUX CORPORATION, a Delaware corporation having an office at
110 Richards Avenue, Norwalk, Connecticut 06856-5090 (hereinafter called
"Employer"), and ANGELA TOPPI residing at 105 Cedar Lane, Ridgefield,
Connecticut 06877 (hereinafter called, "Employee").

                              W I T N E S S E T H:

    1.  Employer hereby employs Employee, and Employee hereby accepts
employment, upon the terms and conditions hereinafter set forth.

    2.  (a) The term ("Term") of the Agreement shall be the period commencing on
January 1, 2003 and terminating March 31, 2006.

        (b) In the event that Employee remains or continues in the employ of
Employer after the Term, such employment, in the absence of a further written
agreement, shall be on an at-will basis, terminable by either party hereto on
thirty (30) days' notice to the other and, upon the 30th day following such
notice the employment of Employee shall terminate.

        (c) Upon expiration of the Term of this Agreement, neither party shall
have any further obligations or liabilities to the other except as otherwise
specifically provided in this Agreement.

    3.  Employee shall be employed in an executive capacity of Employer (and
such of its affiliates, divisions and subsidiaries as Employer shall designate).
Employer shall use its best efforts to cause Employee to be elected and continue
to be elected a Chief Financial Officer and an Executive Vice President of
Employer during the Term of this Agreement.  The precise services of Employee
may be designated or assigned from time to time at the direction of the Board of
Directors, the Chairman of the Board, President or Chief Executive Officer, and
all of the services to be rendered hereunder by Employee shall at all times be
subject to the control, direction and supervision of the Board of Directors of
Employer, to which Employee does hereby agree to be bound.  Employee shall
devote her entire time, attention and energies during usual business hours
(subject to Employer's policy with respect to holidays and illnesses for
comparable executives of Employer) to the business and affairs of Employer, its
affiliates, divisions and subsidiaries, as Employer shall from time to time
direct.  Employee further agrees during the Term of this Agreement to serve as
an officer or director of Employer or of any affiliate or subsidiary of Employer
as Employer may request, and if Employee serves as such officer or a director
she will do so without additional compensation, other than director's fees or
honoraria, if any.  Employer agrees that during the Term of this Agreement
Employee's principal office of employment shall be within a seventy-five (75)
mile radius of Norwalk, Connecticut.  Nothing herein shall prohibit Employee
from residing within a seventy-five (75) mile radius of another significant
office of Employer or its significant subsidiaries.

    During the Term of this Agreement and during any subsequent employment of
Employee by Employer, Employee shall use her best efforts, skills and abilities
in the performance of her services hereunder and to promote the interests of
Employer, its affiliates, divisions and subsidiaries.

    Employee shall not, during the Term and during any subsequent employment of
Employee by Employer, be engaged in any other business activity, whether or not
such business activity is pursued for gain, profit or other pecuniary advantage.
The foregoing shall not be construed as preventing Employee from investing her
assets in such form or manner as will not require any services on the part of
Employee in the operation of the affairs of the companies in which such
investments are made, provided, however, that Employee shall not, either
directly or indirectly, be a director of or make any investments in any company
or companies which are engaged in businesses competitive with those conducted by
Employer or by any of its subsidiaries or affiliates except where such
investments are in stock of a company listed on a national securities exchange,
and such stock of Employee does not exceed one percent (1%) of the outstanding
shares of stock of such listed company.

    Employee shall not at any time during or after the Term of this Agreement
use (except on behalf of Employer), divulge, furnish or make accessible to any
third person or organization any confidential information concerning Employer or
any of its subsidiaries or affiliates or the businesses of any of the foregoing
including, without limitation, confidential methods of operations and
organization, confidential sources of supply, identity of employees, customer
lists and confidential financial information.

    In addition, Employee agrees that all lists, materials, books, files,
reports, correspondence, records and other documents and information ("Employer
Materials") used, prepared or made available to Employee, shall be and shall
remain the property of Employer.  Upon the termination of employment of Employee
or the expiration of this Agreement, whichever is earlier, all Employer
Materials shall be immediately returned to Trans-Lux Corporation, and Employee
shall not make or retain any copies thereof, nor disclose or otherwise use any
information relating to said Employer Materials to any other party.  As used
herein the term Employer shall include Employer, Employer's subsidiaries and
affiliates, and any individuals employed or formerly employed by any of them.

    4.  (a) For all services rendered by Employee during the Term of this
Agreement, Employer shall pay Employee a salary at the rate of ONE HUNDRED FORTY
THOUSAND DOLLARS ($140,000) per annum during the period January 1, 2003 to March
31, 2003; at the rate of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) per annum
during the period April 1, 2003 to March 31, 2004; at the rate of ONE HUNDRED
SIXTY THOUSAND DOLLARS ($160,000) per annum during the period April 1, 2004 to
March 31, 2005 and at the rate of ONE HUNDRED SEVENTY THOUSAND DOLLARS
($170,000.00) during the period April 1, 2005 to March 31, 2006.  Such salary
shall be payable weekly, or monthly, or in accordance with the payroll practices
of Employer for its executives.  The Employee shall also be entitled to all
rights and benefits for which she shall be eligible under any stock option plan,
bonus, participation or extra compensation plans, pensions, group insurance or
other benefits which Employer presently provides, or may provide for her and for
its employees generally.  This Agreement shall not be deemed abrogated or
terminated if Employer, in its discretion, shall determine to increase the
compensation of Employee for any period of time, or if the Employee shall accept
such increase.  In addition to the group insurance set forth above, Employer
also agrees to reimburse Employee $2,500 per annum for the total cost of (i)
long term disability insurance currently obtained through the American Institute
of Certified Public Accountants ("AICPA"), or any replacement thereof, and (ii)
the cost of life insurance currently obtained though the AICPA or any
replacement thereof.

    All payments under this Agreement are in United States dollars unless
otherwise specified.

        (b) Employer may make appropriate deductions from the said payments
required to be made in this Section 4 to Employee to comply with all
governmental withholding requirements.

        (c) If, during the Term of this Agreement and if the Employee is still
in the employ of Employer, Employee shall be prevented from performing or be
unable to perform, or fail to perform, her duties by reason of illness or any
other incapacity for four (4) consecutive months (excluding normal vacation
time) during the Term hereof, Employer agrees to pay Employee thereafter during
the Term for the duration of such incapacity or 18 months, whichever is greater,
40% of the base salary which Employee would otherwise have been entitled to
receive if not for the illness or other incapacity, provided, however, if such
incapacity ceases following the end of the Term, then any such payments shall
cease.  To the extent such 18 month period continues after the end of the Term
and Employee is entitled to payments under Section 7, then the payments under
this Section 4(c) shall terminate and Section 7 shall apply.  If Employee dies
during the Term while receiving payments under this Section 4(c), then Section
4(e) shall apply and the payments under this Section 4(c) shall terminate.

        (d) The Board upon the recommendation of the Compensation Committee of
the Board shall consider no later than May 31, 2004, 2005, 2006 and 2007,
respectively the grant of a bonus to Employee based on Employee's performance
for the immediately preceding fiscal year.

    In the event of Employee's death on or after January 1 of 2003, 2004 or 2005
or April 1, 2006, on a pro rata basis (one-quarter of the amount) as to 2006,
any Bonus to which she is otherwise granted for the prior fiscal year or 2006,
as the case may be, shall be paid to Employee's beneficiary designated in
writing by Employee from time to time or in the event such beneficiary
pre-deceases Employee or if there is no beneficiary designated, Employee's
estate (whichever is applicable shall be deemed the "Beneficiary").  Such Bonus
shall be paid at the same time Employer pays bonuses to other executive officers
of Employer based on their performance for such fiscal year.

        (e) In the event Employee dies during the Term of this Agreement while
the Employee is still in the employ of Employer, Employer shall pay to
Employee's Beneficiary for the balance of the Term of the Agreement, or eighteen
(18) months, whichever is greater, annual death benefits payable weekly or in
accordance with Employer's payroll practices in an amount equal to 40% of
Employee's then annual base salary rate.

        (f) So long as Employer's Common Stock is publicly traded, on the date
of signing this Agreement, Employer shall grant Employee pursuant to Employer's
1995 Stock Option Plan ("Plan"), the option ("Option") to purchase 5,000 shares
of Common Stock at a price per share equal to the fair market value of Common
Stock of Employer on the date thereof in accordance with paragraph 5 of the Plan
and upon the other terms and conditions set forth in the form of the option
agreement annexed hereto as Exhibit A.  Such option agreement shall be executed
by Employee as of such date.

    5.  During the Term of this Agreement, Employer will reimburse Employee for
traveling or other out-of-pocket expenses and disbursements incurred by Employee
with Employer's approval in furtherance of the businesses of Employer, its
affiliates, divisions or subsidiaries, upon presentation of such supporting
information as Employer may from time to time request.

    6.  During the Term of this Agreement, Employee shall be entitled to a
vacation during the usual vacation period of Employer in accordance with such
vacation schedules as Employer may prescribe.

    7.  Both parties recognize that the services to be rendered by Employee
pursuant to this Agreement are extraordinary and unique.  During the Term of
this Agreement, and during any subsequent employment of Employee by Employer,
Employee shall not, directly or indirectly, enter into the employ of or render
any services to any person, partnership, association or corporation engaged in a
business or businesses in any way, directly or indirectly, competitive to those
now or hereafter engaged in by Employer or by any of its subsidiaries during the
Term of this Agreement and during any subsequent employment of Employee by
Employer and Employee shall not engage in any such business, directly or
indirectly on her own account and, except as permitted by Section 3 of this
Agreement, Employee shall not become interested in any such business, directly
or indirectly, as an individual, partner, shareholder, director, officer,
principal, agent, employee, trustee, consultant, or in any other relationship or
capacity.  For a period of two (2) years following termination of employment for
any reason, Employee shall not directly or indirectly (i) engage or otherwise be
involved in the recruitment or employment of any Employer employee or, (ii)
solicit or render any service directly or indirectly to any other person or
entity with regard to soliciting any customer of the Employer during the two (2)
year period prior to termination of employment with respect to products or
services competitive with products or services of Employer.  Employee shall at
no time during or after employment disclose to any person, other than Employer,
or otherwise use any information of or regarding Employer except on behalf of
Employer, nor communicate, publish, or otherwise transmit, in any manner
whatsoever, untrue information or negative, competitive, personal or other
information or comments regarding Employer.  The restriction in (ii) above shall
not apply if following the end of the Term (x) Employee's employment is
terminated without cause by Employer or (y) Employee resigns because Employee is
not offered a replacement contract for a term of at least two (2) years and
otherwise having at least the same terms and conditions as in effect on March
31, 2006, or at the end of any subsequent renewal contract, provided no such
renewal contract will continue past Employee's 65th birthday and will
automatically terminate on such date unless the parties otherwise mutually agree
in writing, unless in either case of (x) or (y) above Employer pays to Employee
weekly or bi-weekly in accordance with Employer's payroll practices as severance
pay, an amount equal to Employee's base salary in effect at the time of
termination of employment (i.e., at a rate of $170,000 per annum if termination
is April 1, 2006) for a period of one (1) year, subject to credit to Employer
for any new compensation received by Employee during such one (1) year period,
such credit not to exceed any weekly or bi-weekly payment hereunder.  Employee
shall certify to Employer at least bi-weekly the amount of any such compensation
with reasonable back- up, i.e., copy of pay slip.  If Employee dies during the
one (1) year severance period, the balance of the severance payments shall be
payable to Employee's Beneficiary; provided, however, if Employee was receiving
payments under Section 4(c) because of disability which disability payments
terminated because of the payments made under this Section 7, then the payments
under this Section 7 shall cease and the balance of the disability payments
under Section 4(c) shall be made as provided therein without duplication for the
number of months payments were made under this Section 7 (i.e., if Employee was
disabled and received six monthly disability payment under Section 4(c), the
Term expired and Employee received six months of payments under Section 7 and
died, then six more months of disability payments under Section 4(c) would be
made.

    Employer shall be entitled, if it so elects, to institute and prosecute
proceedings in any court of competent jurisdiction, either in law or in equity,
to obtain damages for any breach of this Agreement, or to enjoin Employee from
any breach of this Agreement, but nothing herein contained shall be construed to
prevent Employer from pursuing such other remedies as Employer may elect to
invoke.  In addition to the obligations of the Employee contained in this
Agreement, Employee agrees to be bound by the provisions contained in Exhibit B
to this Agreement.

    8.  In the event any provision of Section 7 of this Agreement shall be held
invalid or unenforceable by reason of the geographic or business scope or the
duration thereof, such invalidity or unenforceability shall attach only to such
provision and shall not affect or render invalid or unenforceable any other
provision of this Agreement, and this Agreement shall be construed as if the
geographic or business scope or the duration of such provision had been more
narrowly drawn so as not to be invalid or unenforceable.

    9.  Employee shall have the right to cancel and terminate this Agreement on
75 days prior written notice from the date of occurrence if there has been a
"Change in Control of Employer", as hereinafter defined.  Upon such termination
becoming effective pursuant to such notice by Employee, (a) Employer and
Employee shall be released from all further liability and obligations provided
for in the Agreement, except that Employee shall still be subject to and bound
by her obligations under Section 7 of the Agreement; (b) Employer shall pay to
Employee her Bonus for the prior calendar year (if not previously paid) as and
to the extent provided for in Section 4 (d); and (c) Employee shall be paid in a
lump sum on the effective date of termination the amount of $450,000.  If
Employee is incapacitated at the time of her notice under this Section 9, the
above payments shall be in lieu of the payments provided under Section 4(c)
which payments shall cease and terminate at the end of the 75 day notice period.
In the event of Employee's death during the 75 day notice period, if notice of
termination has been given, any amounts still payable to Employee by reason of
such termination or otherwise payable under this Agreement shall be paid to
Beneficiary in lieu of the death benefit payments under Section 4(e).  The
notice under this Section 9 must be given within 60 days of the occurrence of
the applicable event or be deemed waived.  To the extent any such payments made
pursuant to Section 9 above are deemed to be an "excess parachute payment" under
Section 280G of the Internal Revenue Code of 1986, as amended (the "Code") and
are subject to tax pursuant to Section 4999 of the Code, such payments shall be
grossed up in such a manner as to offset the effect of such excise tax on such
payments.  For purpose of this Section 9, the phrase "Change in Control of
Employer" shall be deemed to have occurred if (x) any person (as such term is
used in Sections 13 (d) and 14 (d) (2) of the Securities Exchange Act of 1934)
hereafter becomes the beneficial owner, directly or indirectly, of securities of
Employer, representing 25% or more of the combined voting power of the
Employer's then outstanding securities (other than members of Richard Brandt's
family, directly or indirectly through trusts or otherwise), and (y) during any
period of two (2) consecutive years, individuals who at the beginning of such
period constitute the Board of Directors of Employer cease by reason of a
contested election to constitute at least a majority thereof, unless Richard
Brandt (or, in the event of his death or incapacity, i.e., inability to manage
his own affairs, a majority of David Brandt, Matthew Brandt and Thomas Brandt)
shall have approved such change in the majority.

    10.  The waiver by Employer of a breach of any provision of this Agreement
by Employee shall not operate or be construed as a waiver of any subsequent
breach by Employee.

    11.  Any notice required or permitted to be given under this Agreement shall
be sufficient if in writing and served personally or sent by United States
certified or registered mail, return receipt requested, or overnight courier
such as Federal Express or Airborne to her address as stated on Employer's
records, in the case of Employee, or to the office of Trans-Lux Corporation,
attention of the Chairman, or President or Chief Executive Officer, 110 Richards
Avenue, Norwalk, Connecticut 06856-5090, in the case of Employer, or such other
address as designated in writing by the parties.

    12.  This Agreement shall be construed in accordance with the laws of the
State of New York.

    13.  This instrument contains the entire agreement between the parties and
supersedes as of January 1, 2003 the Employment Agreement, as amended, between
the parties dated December 22, 1999 effective January 1, 2000 except for any
Bonus for 2002 payable in 2003 in accordance with paragraph 4(d) of such
agreement.  It may not be changed, modified, extended or renewed orally except
by an agreement in writing signed by the party against whom enforcement of any
waiver, change, modification, discharge or extension is sought.

    IN WITNESS WHEREOF, this Agreement has been duly executed on the day and
year above written.


                                        TRANS-LUX CORPORATION


                                        By: /s/ Michael R. Mulcahy
                                           ------------------------
                                               President

                                            /s/ Angela D. Toppi
                                           ------------------------
                                               Angela Toppi